Galliford Try Partnerships has commenced construction of 975 mixed-tenure homes at the Brunel Street Works site on behalf of Opal, a joint venture between Galliford Try and Thames Valley Housing.
Brunel Street Works is being constructed on land that was originally purchased by the London Development Agency to allow regeneration of an underutilised site. This land was the passed to the GLA, who, under the previous Mayor of London Boris Johnson, selected Opal through the London Development Panel to deliver a residential-led scheme on the site.
Following engagement with local residents and stakeholders, planning permission was granted by the London Borough of Newham and regeneration specialists Galliford Try Partnerships will now deliver the landmark regeneration scheme on behalf of Opal. As part of the residential-led development, Partnerships will also create 8,000 sq m of mixed-use and community space, including a 110-bedroom Premier Inn hotel, generating job opportunities for local people and breathing new life into this area.
The £400m development project, which has a four-year construction programme, will see the homes built across five distinct blocks, ranging from nine to 26 storeys in height. The project is comprised of 30% privately-rented homes managed by Fizzy Living, 35% affordable housing (consisting of 172 social rent homes and 171 shared ownership and intermediate rent homes) managed by L&Q, and 35% open market sale homes to be sold by Linden Homes. The mixed-tenure homes will combine with the commercial spaces to create a unique and vibrant new community.
Galliford Try Partnerships’ Chief Executive, Stephen Teagle, said: “We are delighted to be working with the GLA and Thames Valley Housing as our partners on this major scheme. As one of the UK’s fastest growing regeneration companies, this exciting project follows a number of other high-profile contracts recently awarded to our business throughout London. Projects like Brunel Street Works are further evidence that we have the expertise and ability to support the Government’s ambitions to deliver 300,000 new homes across all tenures. We are now looking forward to working with our partners to transform this redundant site into a vibrant new neighbourhood.”
James Murray, Deputy Mayor for Housing and Residential Development, added: “We welcome the start on site at the Brunel Street Works with our partners in delivering much-needed housing in London. We look forward to working with them further to build the genuinely affordable homes that Londoners need.”
Guy Burnett, Group Development Director at Thames Valley Housing commented: “Brunel Street Works demonstrates our commitment to working with our partners to realise a shared ambition and deliver new homes and employment opportunities that meet the needs of the local community.”
Andy Rowland, Managing Director – East Region, at L&Q said: “We are delighted to have secured the management of the 343 affordable homes at Brunel Street Works, consisting of social rent, shared ownership and intermediate rent properties. This exciting mixed-tenure development will provide much-needed homes and commercial space and is another example of how we are working closely with partners to provide high-quality homes and services to residents on a range of incomes.”